S&P 500, Nasdaq rise after inflation data, Boeing weighs on Dow

Wall Street gains on benign inflation data Boeing extends fall

Wall Street gains on benign inflation data Boeing extends fall

The entire industrial sector and the Dow were dragged down by Boeing.

Further boosting technology shares was the news that Nvidia was buying Mellanox Technologies for $6.8 billion.

The fatal crash of the Ethiopian Airlines Flight ET302 - the second involving a Boeing 737 Max 8 in five months - caused airlines in three countries to ground all flights involving the popular jet and cast fresh safety concerns on the airline.

Boeing lost another 6.2% today after multiple countries grounded the 737 MAX airplane.

The world's largest planemaker, which is the best performing Dow component this year by a wide margin, fell as much as 13.4% on Monday and weighed on the Dow Jones index.

U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow's advance after a deadly airline crash in Ethiopia.

At 10.56am ET the Dow Jones Industrial Average was down 18.67 points, or 0.07%, at 25,632.21, the S&P 500 was up 12.29 points, or 0.44%, at 2,795.59 and the Nasdaq Composite was up 36.20 points, or 0.48%, at 7,594.27.

All the major S&P sectors rose, led by gains in the technology sector, which was up 2.2 percent.

The Nasdaq is up 182.89 points, or 2.5 per cent.

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March 12 (Reuters) - U.S. stocks rose on Tuesday after tame inflation data supported the Federal Reserve's dovish stance on future rate hikes, but Boeing's fall for a second straight day in a row pressured the Dow. Stocks were helped by a USA government report showing retail sales rose slightly in January after falling in December.

The dollar fell more steeply shortly after data revealed that the USA consumer-price index climbed 0.2% in February, matching market expectations, while the cost of living over the past year slowed again to 1.5% from 1.6%.

According to the Commerce Department, Retail Sales rose 0.2 percent. Stocks were helped by a US government report showing retail sales rose slightly in January.

ENERGY: Benchmark U.S. crude rose 55 cents to $57.34 per barrel in electronic trading on the New York Mercantile Exchange.

Technology and bank stocks led the market gainers.

The S&P 500 index rose 11 points, or 0.4 percent, to 2,795.

The Dow lost 164 points, or 0.7 per cent, to 25,2872. Additionally, sales in January increased 2.3 percent from a year ago. Bank stocks also showed early strength, with Morgan Stanley gaining 1.6 percent.

Intel rose 1.5 per cent Wednesday and UnitedHealth Group climbed 2.6 per cent.

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